Thyssenkrupp, a prominent multinational conglomerate, has established itself as a key player in various industrial sectors. Originating in Germany, it is a result of the merger between Thyssen AG and Krupp in 1999, bringing together two of Germany’s oldest and most significant industrial companies.
Tag: Thyssenkrupp
SS outlook strong
Germany-based steel company ThyssenKrupp, while delivering the financial results, has given an upbeat assessment of the outlook for the stainless steel sector in its full year.
SS surcharge increase
Yieh has reported that European stainless steel makers have again raised their alloy surcharges for stainless steel for November 2006 deliveries.
Arcelor Mittal to sell Dofasco
Arcelor Mittal supervisory board head Mr LN Mittal told the Financial Times that he hopes to find a way to sell Canadian steel company Dofasco to ThyssenKrupp AG by the end of this year.
Possible SS oversupply
According to Meps, ThyssenKrupp’s (TK) recently announced project to build a new stainless steel plant in the US has caused quite some stirrings.
Merger stops Dofasco going to ThyssenKrupp
Arcelor's plan to purchase Severstal would keep ThyssenKrupp from buying one of Arcelor's units Canadian Dofasco Inc. as planned by Mittal Steel and leave it with only smaller targets for an acquisition as the steel industry consolidates.
Schulz stands firm on Dofasco contract with Mittal
Reuters has reported that ThyssenKrupp's CEO Mr Ekkehard Schulz said on 20 May 2006 that Mittal Steel is contractually obliged to offer German steelmaker ThyssenKrupp an alternative to Canada's Dofasco.